Beneficiary deed - Study guides, Class notes & Summaries

According to the VRLTA, a copy of the written rental agreement must be provided to the tenant within ______________ of the agreement's effective date. correct answersOne month In Virginia, a landlord must provide a copy of the written rental agreement. When must this be provided? correct answersWithin one month of the agreement's effective date Which of the following is a task that a licensee could perform for a customer in a transaction? correct answersProviding the opposing party with ...

AZ Real Estate Exam Guide Questions and CORRECT Answers Descent, law of - Correct ANSWER- A system whereby title to property passes by operation of law to the heir of one who dies owning property without a will Adminstrator - Correct ANSWER- Court-appointed personal representatives of an estate for someone who dies intestate May be called adminstratrix if female Beneficiary deed - Correct ANSWER- In AZ, a deed that is used to transfer title of real property to a beneficiary upon the ...

Superior NC Real Estate Important Final Exam questions (Answered 100% Correctly) 2024 RESPA -Real Estate Settlement Procedures Act: applies ONLY to 1-4 family residential transactions, transactions involving a "federally related" mortgage (conventional, FHA, VA) Which party's signature is required on a deed of trust? A. the trustee B. the beneficiary C. the trustor(s) D. the grantee(s) C. the trustor(s) The trustor is the borrower in a lending situation using a trust deed. The b...

Escrow Exam Questions And Answers (Verified And Updated) Principle meridian - answerThe north-south lines separating townships 5 ways to acquire property - answerOccupancy Accession Transfer Will Succession Escrow agent - answerany person engaged in the business of receiving escrows for deposit or delivery Metes and bounds - answerA method of land description which involves identifying distances and directions and makes use of both the physical boundaries and measurements of the land...

1. Which of the following authorizes the use of the "Power Sale" in a deed of trust? a. Trustor b. Court c. Beneficiary d. TrusteeAnswer c. Beneficiary 2. Why would a seller accept an agreement for sale instead of a purchase money mortgage? a. The agreement gives more flexibility to the buyer b. The seller can keep the deed until the carryback is paid c. The buyer can prevent foreclosure d. The purchase money mortgage note is more negotiableAnswer b. The seller can keep the deed u...

Tennessee National Portion Real Estate Exam Questions and Answers Already Passed A corporation is a legal entity that can buy and sell real estate as set out in its charter. Ownership in severalty is property owned by one individual or corporation. A house is owned by three joint tenants, and one of the owners, as permitted by state law, sells that interest to a new owner. The result is a tenancy in common between the new owner and the remaining joint tenants The owner of a con...

COLORADO REAL ESTATE CONTRACTS AND REGULATIONS EXAM QUESTIONS AND ANSWERS, GRADED A+/ VERIFIED. Doctrine of Prior Appropriation: - -A theory of water law based on the principle, restated as "first in time is first in right" that regards the right to divert water from a water source. When writing a contract, you may be asked by the Buyer to use a note for earnest money. The Commission has created an _____________________ that you can use but most sellers will not agree to that. However,...

N7. The instrument that the purchaser gives promising to pay back a loan is a: A. Mortgage B. Lien C. Deed of trust D. Note - ANSWERSD. Note. The promissory note, often called the "note," is the promise made by the buyer to the lender to repay the loan. N7. Who must sign the mortgage and the note? A. Mortgagor B. Mortgagee C. Trustee D. Beneficiary - ANSWERSA. Mortgagor. The borrower is the mortgagor. Remember borrower and mortgagor. N7. Who gives real estate as security for ...

GA Real Estate Cram Course Exam Questions With Accurate Answers. Less than Freehold Estate - answera limited period of time Estate for years - answerLease for a definite period of time Periodic Tenancy - answerA lease interest in land for an indefinite period involving payment of rent at fixed intervals, such as week to week, month to month, or year to year. Estate at will - answerA lease that can be terminated by either party at will, without notice (ends any time) Estate at Sufferance ...

Escrow Exam Questions And Answers (Verified And Updated) Principle meridian - answerThe north-south lines separating townships 5 ways to acquire property - answerOccupancy Accession Transfer Will Succession Escrow agent - answerany person engaged in the business of receiving escrows for deposit or delivery Metes and bounds - answerA method of land description which involves identifying distances and directions and makes use of both the physical boundaries and measurements of the land...